📉 Why did it drop from $105K to $101K in hours? Express Analysis

The price of $BTC just experienced a rapid correction from $105,000 to $101,000 in a matter of hours. What caused this movement? Here are the keys:

🔍 Possible Causes

1️⃣ Cascade liquidations:

Over $120M in long positions were liquidated (Coinglass data), accelerating the drop.

Excessive leverage in futures amplified volatility.

2️⃣ Macroeconomic news:

Reports of persistent inflation in the U.S. renewed fears of high interest rates for longer.

Strengthening of the DXY (dollar index), putting pressure on risk assets.

3️⃣ Institutional actions:

Negative flows in Bitcoin ETFs this week (GBTC with record outflows).

Possible profit-taking after the recent rally.

📌 Technical Context

The $105K zone was a key resistance. Without buying strength, the bears took control.

Immediate support at $100K–$101K (200 EMA on 4h).

🚨 What to watch now?

Reaction at $100K: If it holds, it could be a buying opportunity.

Powell's speech this week: Any hawkish signal could extend the drop.